Discover Value-Add Opportunity

EverWest had tracked the property since 2012

Off-market arrangement Curt Kremer sourced through a relationship with the former owner , Daryl Burton

Chris Toci of Cushman and Wakefield represented the seller

Obtain Approvals and Permits

( 5 months- simultaneous with Finalize Design and Marketing )

Enlisted Withey Morris , PLC to represent EverWest during the rezoning of 2 buildings

Conducted a series of neighborhood meetings to present plans and receive feedback

Received rezoning approval from Scottsdale City Council on June 7th , 2016

Received approval from the Development Review Board on June 16th , 2016

Finalize Design and Marketing

( 5 months ) Completed architectural and landscaping plans

Finalized building and tenant signage plans with Trademark Visual

Completed production of marketing renderings and video by LA-based Kilograph

CBRE introduced redevelopment plans to the brokerage community and commenced marketing campaign

Check out the website here : thequadscottsdale . com

Acquisition Phase

( 6 months ) Outlined repositioning strategy

Underwriting and due diligence commenced

Obtained Joint Venture equity :

Chicago-based WHI Real Estate Partners joined as the equity partner

Determined design / build scope and project budget :

Denver-based Gensler selected as the exterior architect

Evolution Design selected as the interior architect

RSG Builders selected as general contractor

Assembled leasing services team and defined lease-up strategy based on current and future market conditions :

Bryan Taute and Charlie von Arentschildt of CBRE selected as the leasing agents

Property Closing

Acquired the property on December 15 , 2015